Newsroom
Return to blog

The State of Young America: Jobs & the Economy

Posted by Maya Brod  

09:51 AM Nov 02, 2011

Part one of a five-part series

Today, Young Invincibles and Demos released a report called, “State of Young America” (SOYA). SOYA provides a comprehensive look at both the economic challenges facing young adults since the Great Recession, and longer-term trends that have been going on for decades.  The report combines important facts comparing our generation to our parent’s, polling results, and stories from young people around the country.


We decided to embark on the State of Young America project because we know that our generation has the potential to be the next Greatest Generation. Young adults today are the most innovative and entrepreneurial demographic in the history of our country, and are responsible for many of our modern technological advancements.  We are civic-minded and when asked in the poll, we value education and hard work as the ways to get ahead.  But while 69% of young adults still believe the American Dream is achievable for their generation, economic barriers are currently holding us back.

As SOYA details, there are many reasons to worry about the future of our country.  Young people’s wages continue to drop, and costs for basic necessities such as health care, child care, and housing are becoming out of reach for too many.  30% of young people now say they are delaying a family due to the economy, and 48% think their generation will be worse off than their parents.  To explain these alarming trends, SOYA is organized into five key chapters: jobs and the economy, health care, higher education, cost of living, and raising a family.

The report’s first chapter, Jobs and the Economy, explores how long-term trends and the current tumultuous economic environment have taken a toll on young Americans’ employment prospects, paychecks, and ultimately their earnings for years to come. Unemployment and underemployment rates for young Americans remain dangerously high, and almost 60 percent of employed young people say they would like to work more hours. At the same time, there is also a clear wage pay gap, gender pay gap, and education pay gap.  Here are some more stats that speak to the growing inequality and declining wages that our generation confronts:

o   14% of 25-34 year olds with a high school degree are unemployed, while 5% with a 4-year degree are unemployed.

o   In 1980, a young man with a bachelor’s degree earned roughly $9,100 more than a young man with a high school degree. Today, he earns $20,000 more.

o   Among 18-24 year olds, 1 out of 4 African-American women, 1 out of 3 African-American men, and 1 out of 5 Latinos are unemployed.

o   Between 1980 and 2010, typical earnings for young men working full-time fell by 10%.

Only workers with at least a bachelor’s degree experienced substantial increases in earnings over the last generation, making it clear that in today’s economy higher education or training is essential to economic success.   For more on the importance of education and barriers to a degree, check out our blog on the education section of SOYA tomorrow!


To read the full report, click here

Add a comment

Sony HDR-PJ200VE — 10:31 AM Dec 28, 2012

What are the pros and cons of housing a blog on corporate website vs. using Blogspot?

Wholesale Florida Marlins Hats

Anonymous — 03:40 AM Dec 05, 2012

A new straw <a href="http://www.capsfactorychina.com/">Caps factory china</a> would be the ideal light summer season lids. Great for marining in addition to guides in the park or perhaps an hour from the back garden, hay <a href="http://www.capsfactorychina.com/">caps manufacturers china</a> tend to be low-cost to obtain and easy to take care of. Uncared for straw <a href="http://www.capsfactorychina.com/Snapback-hats-1.html">Replica Snapback hats</a> are prone to growing older, fraying in addition to staining. Constant cleansing and also hard drive can preserve a hay hat for a lot of summer seasons in the future.</p><br />

web site optimization — 05:59 AM Oct 06, 2012

Thanks in advance and good luck, speak.younginvincibles.org ! :). regards!

Appliance repair Irvine — 01:12 AM Jul 13, 2012

speak.younginvincibles.org is terrific. There's often all the appropriate info at the suggestions of my fingers. Thank you and maintain up the superior work!

Appliance repair Costa Mesa ca — 04:15 AM Jun 06, 2012

magnificent submit, very informative. I'm wondering why the opposite experts of this sector don't notice this. You should continue your writing. I'm sure, speak.younginvincibles.org have a huge readers' base already!

Test, just a test

escort Paris — 12:35 AM May 19, 2012

C'est a croire avec la tresorerie multi gazillion de l'investissement que wikipedia pourrait acquerir certains serveurs beaucoup plus.

refrigerator repair OC — 04:51 AM May 16, 2012

speak.younginvincibles.org is the perfect blog for anyone who wants to know about this topic. You know so much its almost hard to argue with you (not that I really would want�HaHa). You definitely put a new spin on a subject thats been written about for years. Great stuff, just great!

Abercrombie Outlet

alinebeckyer — 02:38 AM May 04, 2012

Young people these times within U.S. clothing market common <a href="http://www.abercrombieandfitchonsale.co.uk/">Abercrombie Sale</a>, for youthful people these times to provide taste and great mixture of slicing borders luxury goods, decorating whims and enthusiastic youthful life.

glass insulators for sale — 11:55 AM Apr 30, 2012

speak.younginvincibles.org is wonderful. There's always all of the ideal info in the ideas of my fingers. Thanks and keep up the excellent work!

appliances repair Los Angeles — 08:41 AM Mar 21, 2012

Matchless onderwerp, het is heel interessant voor mij))))

private tours in Russia — 10:58 AM Feb 15, 2012

It's really a cool and helpful piece of information. I'm satisfied that you shared this helpful information with us. Please stay us informed like this. Thanks for sharing it on speak.younginvincibles.org

Kaufen Anabolika — 09:26 AM Jan 18, 2012

Das war einige interessante Sachen hier auf speak.younginvincibles.org Vielen Dank fur Entsendung es.

promotion web — 04:56 AM Jan 13, 2012

Very informative post. Thanks speak.younginvincibles.org for taking the time to share your view with us.